Preface This presentation, which is confidential and is being supplied only to persons with professional experience in matters relating to investments for the purposes of the Financial Services and Markets Act 2000, does not constitute…
1H13 Highlights Production for the first six months of the year averaged 17,135 BOEPD net to the Companys WI, approximately 40% higher th than the th same periodi d last l t year Completed the first phase of TGTs FPSO…
Vietnam Cuu Long Basin Blocks TGT production averaged g 14,967 , BOPD net to WI for first six months of 2013 TGT development drilling continues for the next four yyears TGT 30.5% WI CNV production CNV 25% WI averaged…
Te Giac Trang Field Layout TGT Field Schematic CPP at Bach Ho Field
Te Giac Trang Field Steady production averaged Steady production averaged net 14,967 BOPD for first six months Successful tie in of two fields with no down time Completed first phase of capacity performance test Gas…
TGT-10X/ST1 Appraisal Well TGT-10X well encountered 117 metres of net pay p y Three tests to be performed g Oligocene C in two p parts Lower section of Lower Miocene Upper section of Lower Miocene First part of Oligocene…
H5 Development: Preliminary Plan 2013 2014 2015 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr MayJun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr MayJun Jul Aug Sep Oct Nov Dec 1 2 3 4 5 6 7 8 9 10 11 12 1 2 3 4 5 6 7 8…
TGT 2014 Well Location Options Updated August 2013 Wells planned in 2013 Wells proposed in 2014 (tentative) TGT 19I H5 Development wells TGT17P H1 WI Well Option Other potential locations Other potential locations H2 South…
Central Africa Portfolio 11
North Congo Basin Current Portfolio Added Nanga II A 100% WI block and commencing seismic reprocessing Testing Lideka East on Marine XI commenced 40 39% WI 40.39% Drilling first of two Cabinda wells Completing…
Marine XI Lideka Marine East Well drilled using Falcon-1 without incident ca 50 Well found ca. metres of net pay in main intra-Sendji 3 target Currently testing 13
Cabinda North Targets Completed extensive seismic acquisition programme across the entire block Currently drilling first of programme two well programme, Dinge 20-6 well
Block V Activity Completed detailed environmental studyy together with relevant DRC authorities Activity suspended during M23 insurgency Block V 85% WI 15
Outlook Testing results from TGT-10X and LDKEM-1 due over coming weeks Continued strong g cash g generation from the Vietnam assets Development drilling on TGT and CNV Second phase of sustained capacity test on TGT FPSO…
Maximising Returns to Shareholders Sustainable annual return targeting 50% of Free Cash Flow Growth potential of an independent p y E&P company 17
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